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• Ridge Breaks Ground on 351k sf Spec Industrial Project in Austin
6/14/17
Ridge, the industrial development arm of Transwestern Development Co, has broken ground on a 24.17-acre site that will house a 351.2k sf, speculative project in southeast Austin, TX. The project, situated within Southpark Com...
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• Private Investment Group Buys 113k sf Texas Office Asset
6/14/17
A private investment group, Arbor Hui LLC, purchased Arbors at Brookhollow, a contemporary, 113.5k sf, Class A, office property in Arlington, TX. The multi-tenant building, located at 2201 E. Lamar Blvd, was sold by CRE Brook...
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• Physicians Realty Trust Hires C&W To Lease 335k sf Medical Office Portfolio in the Phoenix Area
6/13/17
Physicians Realty Trust has selected Cushman & Wakefield to market a 334.5k sf, four-property medical office portfolio in the Phoenix area. The leasing assignment has been awarded to the Cushman & Wakefield team of Sheila Bal...
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• Fenix Development Starts Work on 1.9 msf AZ Mixed-Use Campus
6/12/17
Fenix Development, out of Los Angeles, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake in Tempe, AZ. Phase I of the 1.9 msf mixed-use development will include 250k sf of Class A offi...
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• Dunhill Partners to Move Forward on TX Hotel Project with $63 Mil in Construction Money
6/09/17
Dunhill Partners has secured $63.5 mil in construction money for the development of the Virgin Hotel Dallas, a 16-story, 268-room upper tier hotel located in the Design District of Dallas, TX.
With the loan in place, the fu...
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• AZ Neighborhood Center Fetches $320/sf
6/06/17
Tatum Plaza, a 29.5k sf, neighborhood shopping center in the Phoenix submarket of Cave Creek, AZ, has sold for $9.45 mil, or $320/sf. The property, located at 29455 N. Cave Creek Rd, east of I-17 and north of 101 Loop, was so...
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• Steadfast Apartment REIT III Closes $44 Mil TX Res Buy
6/05/17
Steadfast Apartment REIT III Inc (STAR III) has acquired The Pointe at Vista Ridge, a 300-apartment-home community located in the Northern Dallas submarket of Lewisville, for $44 mil ($147k/unit). The property, formerly known...
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• Discount Tire Company Pays $40 Mil for Its Corp HQ Property in Scottsdale
6/01/17
Discount Tire Company has purchased its 157.6k sf, corporate HQ office building in Scottsdale, AZ for $40.2 mil ($255/sf) in an all-cash transaction. The two-story, Class A facility was constructed in 2002 by Opus West Corp u...
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• Agora Realty and Management Spends $7 Mil on Vegas Retail Asset
6/01/17
Agora Realty and Management picked up an 84.2k sf retail center in Las Vegas for $7.1 mil, or $84/sf. The property, located at 4900-4970 E. Tropicana Ave, is anchored by a 99 Cent Only Store and Nevada State Bank.
At time of...
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• AZ Res Community Refinanced with $91 Mil Fannie Mae Loan
6/01/17
CBRE Capital Markets’ Debt & Structured Finance has arranged a $90.8 mil Fannie Mae refi loan on San Sonoma, a 590-unit, Class A+ apartment community in Tempe, AZ. The borrower is a venture formed by Mark-Taylor Inc and Kitch...
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• New AZ Industrial Development Lands Two Tenants
5/25/17
The DeMichele Group and All In One Posters are the firms to take space at Chandler, Arizona’s newest industrial development, a 97k sf biz park from Silagi Development & Management (SDM), out of Thousand Oaks.
The DeMichele G...
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• 334k sf TX Biz Park Trades Hands
5/23/17
Northbrook Business Center, a 334.1k sf industrial business park in north Fort Worth, TX, was purchased by Northbrook 820 LLC, a Wilson & Stonaker LLC partnership. The price was not disclosed.
The four-building complex, loca...
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• Young’s Market Company of Arizona Spends $20 Mil on Phoenix Cold Storage Facility
5/22/17
Young’s Market Company of Arizona recently acquired a 248.9k sf cold Storage industrial building in Phoenix for $20.5 mil, or $82/sf. Built in 1999 and renovated in 2003, the property is located 402 S. 54th Place.
With 26 do...
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• Gelt Inc Forms New Mobile Home Venture
5/18/17
Gelt Inc has formed a new business venture, Happy Home Communities (HHC), which will focus exclusively on the acquisition and management of mobile home and RV resorts throughout the Western United States. HHC will be led by E...
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• Hines to Develop 135-Acre Mixed-Use Project in Allen, TX
5/12/17
Hines has announced plans for a new 135-acre corporate campus and mixed-use development in Allen, TX, to be called The Strand. Master-planned by Gensler, The Strand is located at 121 and Alma in Allen. It is being developed i...
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• Vestar Finances TX Retail Buy with $8.67 Mil Loan
5/11/17
Vestar has obtained financing of $8.67 mil for the recently acquired Twin Creeks Marketplace, a 43.1k sf, grocery-anchored neighborhood center in Dallas, TX. The 15-year permanent loan was funded through Lincoln National Life...
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• Commercial Real Estate Financing Briefs
5/10/17
NORTHMARQ CAPITAL -- Gardiner Champlin and Marty Meagher with NorthMarq Capital arranged the $61.2 mil refinance of three garden apartment complexes totaling 488 units owned by a local private family office. The properties ar...
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• Borrower Refinances Four Multifamily Properties in the Dallas Area
5/09/17
Hunt Mortgage Group has provided Fannie Mae and Freddie Mac loans to refinance four multifamily properties located in the Dallas metropolitan statistical area. The loans were structured for the same sponsor and total $36.7 m...
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• Bell Partners Pays $78 Mil for 306-Unit Res Asset in Colorado
5/08/17
Bell Partners Inc, out of Greensboro, NC, has acquired Alta Cherry Hills, a Class AAA, 306-unit asset in the Denver suburb of Englewood, CO, for $78 mil ($255k/unit). The property occupies a 4.56-acre site at 3650 South Broad...
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• CO Hotel Property Sells for $9.7 Mil
5/08/17
Holiday Inn Express & Suites Gunnison, a 107-room hospitality property located in Gunnison, CO, sold for $9.72 mil, ($90.8k/room).
Holiday Inn Express & Suites Gunnison is located at 910 East Tomichi Ave, adjacent to Wester...
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